The biggest fall in shipment in the history of smartphones was recorded last quarter with a fall of 9 per cent in the global smartphone market. Sale of iPhones from Apple fell 1 per cent because users preferred to cling… Read More ›
Economy & Finance
Microsoft Closes Gap With Amazon In Cloud Business, Its Division Continues To Grow
Cloud computing is turning out to be the most important business for Microsoft as the company reported encouraging growth in this segment last week. Microsoft has altered its focus to cloud computing as it transits into the post-PC era and… Read More ›
Angela Merkel’s conservatives party and the Social Democrats (SPD) hammer out coalition government: sources
The development brings closure to the 4 month long political uncertainty which has weakened Germany’s economy and its role in international affairs. On Wednesday, a source involved in the negotiations between German Chancellor Angela Merkel’s conservatives party and the Social… Read More ›
British banks should apply for EU license by end of second quarter: ECB
The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›
Tronc Inc to sell Los Angeles Times to Patrick Soon-Shiong
With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… Read More ›
Global stock sell-off wipes out $4 trillion from market capitalization
Facing a downturn in market conditions, investors are pouring into other assets, such as forex. Stock markets across the globe, tread downwards for a fourth consecutive days wiping out $4 trillion from the market which had peaked just eight days… Read More ›
Levered and inverse ETPs should be labeled differently from ETFs: BlackRock
Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›
Britain rules out customs union after Brexit: BBC
The move would have profound implications for Britain’s economy and could potentially trigger customs check at EU borders, including the one between Northern Ireland and the Republic of Ireland. The move is also likely to rid Britain from EU’s single… Read More ›
Airport infrastructure costs needs to be kept low: IATA CEO
Booming air traffic has given rise to surge in profits across global air-carriers, however with their net margin being at just 4.7%, the scope for exuberance is limited. On Monday, Alexandre de Juniac, the Chief Executive of International Air Transport… Read More ›
“Tripple One” strategy key in Nissan’s growth in China
Electric vehicles, light commercial vehicles and trucks as well as sourcing supplies locally are the key components of Nissan’s strategy in China, the world’s biggest auto market. On Monday, with the aim of placing itself within the top 3 automakers… Read More ›
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